----- Forwarded Message ----- From: "Eric Weiner, INET" <[email protected]> To: [email protected] Sent: Thursday, 16 August 2012, 16:26 Subject: Leading European Thinkers Debate ICEC Statement View this email in a browser | Forward this message to a friend About l Videos l Blogs l Facebook l Twitter August 16, 2012 Leading Euro Thinkers Debate ICEC Statement The July 23 statement by the INET Council on the Euro Zone Crisis (ICEC) made waves throughout Europe and had a major impact on the economic policy discussion. But it was also the subject of much debate. One of these critiques came from Heiner Flassbeck, a director at the United Nations Conference on Trade and Development. INET’s Rob Johnson responded to the criticism, saying that he “welcomes the challenge of such a creative thinker.” Johnson then delved into Flassbeck’s insights into the euro zone crisis and Flassbeck replied to Johnson on the INET Blog by more deeply exploring his suggestion that changes in wages and productivity – and the unneighborly German economic policies that drove them – were at the heart of what created the crisis. Read the Exchange Here How Do You Model the Unmodelable? Four INET grantees (Roman Frydman, Michael Goldberg, Søren Johansen, and Katarina Juselius) have joined forces to examine the issue. In this latest installment of INET's series 30 Ways to Be an Economist, each shares how they came to study this innovative topic in new economic thinking and what it means to research imperfect knowledge and non-routine change. Watch The Video Are Economists at Fault for Recent Crises? In a recent interview, INET Advisory Board member and Executive Director for Financial Stability at the Bank of England Andy Haldane took aim at the economics profession. “I think one of the great errors we as economists made in pursuing that was that we started believing the assumptions of economics, and saying things that made no intellectual sense,” Haldane said Read The Story © 2012 The Institute For New Economic Thinking | All Rights Reserved. ________________________________ Click to view this email in a browser Please do not reply to this message. This email was generated automatically and responses are not monitored. If you would like to be removed from this list, please click "Remove Me" below: Remove Me ________________________________ Institute for New Economic Thinking 570 Lexington Avenue 39th Floor New York, New York 10022 US Read the VerticalResponse marketing policy.